You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $400. The loan will have a 11% APR based on end-of-month payments. a. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. What is the most expensive car you can afford If you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent. $ a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 4% nominal interest, compounded semiannually, how much will be in your account after 3 years? Round your answer to the nearest cent. $ . One year from today you must make a payment of $6,000. To prepare for this payment, you plan to make two equal quarterly deposits at the end of Quarters 1 and 2) in a bank that pays 4% nominal interest compounded quarterly. How large must each of the two payments be? Round your answer to the nearest cent. $